Company Information

  

Address: TRUST COMPANY COMPLEX
AJELTAKE ROAD, AJELTAKE ISLAND 
City: MAJURO 
State:  
Zip Code: MH96960 
Telephone: 44 (0) 20 7869 8006 

Description of Business

Primary SIC Code: 4412
(As filed with the SEC)  

Our legal and commercial name is Global Ship Lease, Inc. We are a Republic of the Marshall Islands corporation that owns a fleet of containerships of a range of sizes. Our business is to charter out our fleet under long-term, fixed-rate charters to reputable container shipping companies to generate stable revenues and predictable cash flows. We were formed in 2007 to purchase and charter back containerships then owned or to be purchased by CMA CGM, the third largest containership operator in the world by number of vessels. We acquired our initial fleet of 17 containerships from CMA CGM between December 2007 and August 2009. All of the vessels were time chartered back to CMA CGM for terms between five and 17 years. Two of the initial charters, relating to our 4,113 TEU vessels, Ville d'Aquarius and Ville d'Orion, expired in September 2012 and were renewed successively with CMA CGM until late April 2014 for Ville d'Aquarius and late May 2014 for Ville d'Orion.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
12/201647.90NA0.03
09/2016-0.14NAN/E
12/2015-0.670.100N/E
12/20130.68NA8.84
09/20130.69NA7.51
06/20130.70NA5.69
03/20130.65NA6.92
12/20120.67NA4.39

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2016 Leverage 2016
Net Inc/Comm Equity-0.17Total Liab/Total Assets0.58
Net Inc/Total Assets-0.08Total Liab/Inv Cap0.64
Net Inc/Inv Cap-0.09Total Liab/Comm Equity1.16
Pretax Inc/Net Sales-0.39Interest Coverage Ratio-0.45
Net Inc/Net Sales-0.39Curr Debt/Equity0.09
Cash Flow/Net Sales0.43LTD/Equity1.18
SG&A/NetSales0.04Total Debt/Equity1.28
Asset Utilization   Liquidity  
Net Receivables Turnover100.44Quick Ratio1.16
Inventory Turnover78.58Current Ratio1.17
Inventory Day Sales0.23Net Rec/Curr Assets0.02
Net Sales/Work Cap20.27Inv/Curr Assets0.01
Net Sales/PP&E0.23  

Income Statement (Millions)

  12/31/2016 12/31/2015 12/31/2014 12/31/2013
Total Revenues(Net Sales) 166.52 164.92 138.62 143.21
Cost of Goods Sold 45.70 50.10 48.77 46.05
Selling & Admin Exps 6.08 6.00 6.51 5.62
Operating Income -20.48 19.25 42.27 51.16
Interest Exp 44.77 48.15 43.87 18.85
Pretax Income -65.05 -28.84 6.19 32.62
Other Income 0.20 0.06 7.78 0.30
Net Income Bef Extraordinary ... NA NA NA NA
Net Income -65.10 -28.88 6.11 32.52

Balance Sheet (Millions)

Assets 12/31/2016 12/31/2015 12/31/2014 12/31/2013
Cash & Short Term Investments 54.24 53.59 33.30 24.54
Receivables - Total 0.99 2.33 2.24 7.12
Inventories - Total 0.55 0.61 0.55 0.00
Total Current Assets 56.93 57.63 36.70 38.39
Net Property, Plant & Equipment 719.12 846.94 836.54 817.88
Total Assets 776.26 904.92 873.71 858.25
Liabilities        
Accounts Payable 13.94 15.57 17.40 8.18
Debt in Current Liabilities 31.03 35.16 0.00 58.89
Total Current Liabilities 48.72 53.63 19.98 69.18
Long-Term Debt 388.85 442.91 401.87 328.77
Total Liabilities 447.36 508.15 435.58 458.78
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock 0.00 0.00 0.00 0.00
Common Stock 0.55 0.55 0.55 0.55
Retained Earnings -58.37 9.79 51.24 46.24
Treasury Stock NA NA NA NA
Total Stockholders' Equity 328.89 396.77 438.14 399.47
Total Liabilities and Stockholders' Equity 776.26 904.92 873.71 858.25

Cash Flow Summary (Millions)

Categories 12/31/2016 12/31/2015 12/31/2014 12/31/2013
Net Cash Provided by Operating Activities 71.15 62.34 60.90 74.34
Net Cash Provided by Investing Activities -6.94 -101.23 -80.08 -16.64
Net Cash Provided by Financing Activities -63.56 59.18 27.94 -59.31

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/2012153.2131.930.67
12/2013143.2132.520.68
12/2014138.626.11--
12/2015164.92-28.88-0.67
12/2016166.52-65.1047.90
Growth Rates2.11----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/17252,9616.22




Report Date : 12/4/2017

Powered By Edgar Online © 2017EDGAR®Online, a division of Donnelley Financial Solutions. EDGAR® is a federally registered trademark of the U.S. Securities and Exchange Commission. EDGAR Online is not affiliated with or approved by the U.S. Securities and Exchange Commission.